09:17     FUJIAN HOLDINGS<00181> - Announcement                               

    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents of this announcement, makes no representation            
    as to its accuracy or completeness and expressly disclaims any            
    liability whatsoever for any loss howsoever arising from or in            
    reliance upon the whole or any part of the contents of this               
    announcement.                                                             
                                                                              
    FUJLAN HOLDINGS LIMITED                                                   
    (Incorporated in Hong Kong with Limited liability)                        
    (Stock code: 181)                                                         
                                                                              
    CHANGE OF AUDITORS                                                        
                                                                              
    The board of directors (the "Board") of Fujian Holdings Limited           
    (the "Company") hereby announces that Nexia Charles Mar Fan & Co.         
    have resigned as auditors of the Company with effect from 26 April        
    2005, as the Company and Nexia Charles Mar Fan & Co. could not            
    reach a consensus on the audit fees for the financial year ended          
    31 March 2005.                                                            
                                                                              
    In their notice of resignation, Nexia Charles Mar Fan & Co. have          
    confirmed that there are no circumstances connected with their            
    resignation which they consider should be brought to the attention        
    of the members or creditors of the Company. The Board also                
    confirmed that there are no circumstances in respect of the change        
    of auditors which they consider should be brought to the attention        
    of the shareholders of the Company.                                       
                                                                              
    The Board also confirms that Nexia Charles Mar Fan & Co. had not          
    commenced any audit work of the Company or its subsidiaries for           
    the year ended 31 March 2005. At present, the Board anticipates           
    that the change of auditors will not cause delay in announcing            
    the results of the Company for the year ended 31 March 2005.              
                                                                              
    The Board further announces that with effect from 26 April 2005,          
    HLB Hodgson Impey Cheng have been appointed as auditors of the            
    Company to fill the casual vacancy following the resignation of           
    Nexia Charles Mar Fan & Co. and to hold office until the conclusion       
    of the next annual general meeting of the Company.                        
                                                                              
    By order of the Board                                                     
    Wang Xiaowu                                                               
    Chairman                                                                  
                                                                              
    Hong Kong, 13 May 2005                                                    
                                                                              
    As at the date of this announcement, the existing board of                
    Directors comprises eight Directors, including three executive            
    Directors, namely Mr. Wang Xiaowu, Ms. Mei Qinping and Ms. Chen           
    Danyun, two non-executive Directors namely Mr. Feng Qiang and Mr.         
    Ye Tao and three independent non-executive Directors, namely Mr.          
    Lam Kwong Siu, Christopher, Mr. Cheung Wah Fung and Mr. Leung Hok         
    Lim.